Maruti
Brokerage: Barclays
Rating: Overweight
Target: Rs 1,542
Rationale: The company expects a sharp improvement in the product mix in the second half, through a higher mix of diesel vehicles and lower petrol discounts.

M&M
Brokerage: Citi
Rating: Neutral
Target: Rs 899
Rationale: According to the management, the recent negative news flow on Navistar, re-branding of trucks as Mahindra will result in better volumes. But the domestic market scenario remains challenging, as recovery if any, is expected only in the first quarter of FY14.

Voltas
Brokerage: Nomura
Rating: Neutral
Target: Rs 111
Rationale: The air-conditioning segment which accounts for nearly 35 percent of the overall revenue may see a contraction of 25-30 percent, on the back of declining orders and aggravating competition.